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Cosmo Lady (China) Holdings Co. Ltd. ( (HK:2298) ) has issued an announcement.
Cosmo Lady (China) Holdings Company Limited disclosed that executive director Wu Xiaoli has continued to buy shares on the market, lifting her total recent purchases to 5,952,000 shares, or about 0.26% of the company’s issued share capital, at an average price of roughly HK$0.396 per share. As Wu is the spouse of chairman and substantial shareholder Zheng Yaonan, the move effectively increases the controlling family’s stake, and the board framed the transaction as a demonstration of management’s confidence in the group’s prospects, a signal that may be closely watched by investors amid ongoing scrutiny of the Chinese consumer and retail sector.
More about Cosmo Lady (China) Holdings Co. Ltd.
Cosmo Lady (China) Holdings Company Limited is a Hong Kong-listed company incorporated in the Cayman Islands and engaged in the intimate apparel and related garment sector in mainland China. The group targets the mass-market women’s underwear segment through its Cosmo Lady brand and associated retail network, positioning itself as a leading domestic player in affordable lingerie and related products.
Average Trading Volume: 1,794,339
Technical Sentiment Signal: Buy
Current Market Cap: HK$811.6M
Learn more about 2298 stock on TipRanks’ Stock Analysis page.